Schaeffler invests $230 million in new automotive manufacturing facility in Ohio for EV products – Charged EVs

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Global motion technology company Schaeffler plans to expand its US operations with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.

Schaeffler will invest over $230 million to build a new greenfield manufacturing facility in Dover, Ohio, and is also planning future expansions in the state. Construction of the new facility will begin in mid-2024, and is expected to be complete in the third quarter of 2025. The first phase will boast roughly 130,000 square feet of manufacturing space dedicated to electric mobility products, including electric axles for light- and medium-duty EVs.

The Dover site is near Schaeffler’s existing transmission manufacturing facility in Wooster. The company’s automotive OEM customers and suppliers, as well as rail and highway links, are also nearby.

The state government is providing grants and tax credits for the company’s investments, which are expected to create some 650 jobs. Schaeffler says the new facility is also a potential candidate for benefits provided under the Inflation Reduction Act.

Schaeffler has 15 factories and 5 R&D sites in the Americas region, including manufacturing sites in Ohio, South Carolina, Missouri and Connecticut.

“Our new plant will play a pivotal role in shaping our future in the Americas region,” said Marc McGrath, CEO of Schaeffler Americas. “Dedicated to advancing our innovative product offering, our new Dover, Ohio facility will feature state-of-the-art production processes so we can better serve our customers, while also adopting sustainable practices, as we continue to pioneer motion.”

Source: Schaeffler



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